Auction Profit

Auction profit is not a program. It simply refers to the profit you are going to obtain when you sell something at auction. There are a number of programs that teach you how to work auctions, and promise huge profits, but a word to the wise, research them very, very carefully. As with any promise, the company selling you their program has their interest in mind first. If you decide to go ahead and become a reseller on such online auction giants as Ebay, know intimately the products you are representing, what sources you will have to use to obtain them, and who your suppliers are. No one is going to buy anything from you if they can pick it up locally for less money. Check with other auctioneers whose products fall into the same category as yours and look at closed auctions to see what they products are selling for.

I am not suggesting that you can’t make money this way because you most certainly can. I have several friends working successfully as resellers on Ebay, but they didn’t get there overnight, and they aren’t raking in thousands of dollars on the products they sell. They make a respectable living selling products they have knowledge of, and that they can obtain locally or from a drop shipper they trust.

So, if anyone offers you what seems like atypical results as a promised auction profit, consider checking out other sources for the same information. There are a number of good books out that explain the entire process. Visit your local library. It’s free.

This Entrepreneurship article was written by Gracie Bowers on 4/5/2006

Gracie Bowers is an industry established leader in reviewing and critiquing home based businesses. Her website, on home based business opportunities, HomeBizCritic.com provides a wide array of insite on available programs. You can even view thebest home based business which she uses to make her money, allowing her to have free time to write!

Young Entrepreneurship

Are you a young Entrepreneur? If so, we encourage you to check out our young Entrepreneurship resource center, full of the articles and information you need to help you generate ideas and start your own business as a young Entrepreneur. Or find more information at the Kauffman Foundation for Entrepreneurship or the Entrepreneurship Resources at Entrepreneurship.org